Liabilities and Stockholders' Equity Current liabilities $67,513 Long-term liabilities 90,221 Common stock, $10 par 64,070 Retained earnings 96,656 Total liabilities and stockholders' equity $318,460 Income Statement Sales $99,202 Cost of goods sold 44,641 Gross margin $54,561 Operating expenses 28,479 Net income $26,082 Number of shares of common stock 6,407 $34 Market price of common stock What is the current ratio? Round your answer to two decimal places. Oa. 1.01 Ob. 1.52 Oc. 2.22 Od. 0.53
Liabilities and Stockholders' Equity Current liabilities $67,513 Long-term liabilities 90,221 Common stock, $10 par 64,070 Retained earnings 96,656 Total liabilities and stockholders' equity $318,460 Income Statement Sales $99,202 Cost of goods sold 44,641 Gross margin $54,561 Operating expenses 28,479 Net income $26,082 Number of shares of common stock 6,407 $34 Market price of common stock What is the current ratio? Round your answer to two decimal places. Oa. 1.01 Ob. 1.52 Oc. 2.22 Od. 0.53
Managerial Accounting
15th Edition
ISBN:9781337912020
Author:Carl Warren, Ph.d. Cma William B. Tayler
Publisher:Carl Warren, Ph.d. Cma William B. Tayler
Chapter16: Financial Statement Analysis
Section: Chapter Questions
Problem 6BE
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